The entrepreneur freedom lifestyle comes with promises of forging your own path, making your own decisions, and living on your own terms. You choose your work; you perform your work and then inevitably your business becomes an extension of yourself. This is magnificent. No clocking in or out, no boss over our shoulders, we get to make the decisions and do business our way. Magnificent. And if you are an entrepreneur or a small business […]
After a business plan, what follows is a business continuity plan. Unlike a business plan, a business continuity plan (BCP) is a document that outlines how the business intends to continue with its operations in case of a disruption. More often than not, a business continuity plan is confused with a disaster recovery plan. BCP is much more comprehensive than the recovery plan and usually contains specific contingencies for the business processes, assets, human resources, […]
In our previous article on this series about starting a business, we looked at the various ways to refine your business. Today, we look at your business plan. A good business plan is one that guides you through each stage of your business. It is a plan that stipulates how best to handle growth, how to manage unforeseen circumstances, and how to respond to pressures both from with and outside the organization. As an entrepreneur, […]
